Stock Market News

Intel Reports Q1 Earnings Beat, Shares Down 4% on Worse Than Expected Q2 Guidance

2022.04.29 00:21

Intel Reports Q1 Earnings Beat, Shares Down 4% on Worse Than Expected Q2 Guidance
Intel Reports Q1 Earnings Beat, Shares Down 4% on Worse Than Expected Q2 Guidance

Intel (NASDAQ:INTC) reported its Q1 results, with EPS of $0.87 coming in better than the consensus estimate of $0.80. Revenue declined 1% year-over-year to $18.4 billion, slightly above the consensus estimate of $18.31 billion.

Despite the beat, the company’s shares were trading over 4% lower after-hours, which is likely the result of the worse-than-expected Q2/22 guidance. The company expects Q2 EPS of $0.70 (vs. Street’s $0.83) and revenue of $18 billion (vs. Street’s $18.38 billion).

The company reaffirmed its full 2022-year guidance, expecting EPS of $3.60, compared to the consensus of $3.50, and revenue of $76 billion, compared to the consensus of $75.78 billion.

CEO Pat Gelsinger said the company remains focused on its IDM 2.0 strategy to capture a $1 trillion market.

Shares of Intel were down 9% year-to-date going into the earnings results.

By Davit Kirakosyan

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 84,255.57 0.54%
ethereum
Ethereum (ETH) $ 1,932.02 1.13%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.36 1.72%
bnb
BNB (BNB) $ 629.15 3.99%
solana
Solana (SOL) $ 128.21 0.87%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.72404 2.58%
dogecoin
Dogecoin (DOGE) $ 0.174268 2.45%
tron
TRON (TRX) $ 0.219516 2.03%
staked-ether
Lido Staked Ether (STETH) $ 1,930.56 1.11%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,002.51 0.57%
pi-network
Pi Network (PI) $ 1.33 5.31%
leo-token
LEO Token (LEO) $ 9.82 2.87%
chainlink
Chainlink (LINK) $ 13.95 2.26%
the-open-network
Toncoin (TON) $ 3.47 1.82%
stellar
Stellar (XLM) $ 0.275348 2.84%
usds
USDS (USDS) $ 1.00 0.01%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,310.26 0.98%
hedera-hashgraph
Hedera (HBAR) $ 0.192513 2.34%
avalanche-2
Avalanche (AVAX) $ 18.75 0.02%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 4.12%
sui
Sui (SUI) $ 2.34 3.54%
litecoin
Litecoin (LTC) $ 93.77 3.90%
mantra-dao
MANTRA (OM) $ 6.95 1.95%
bitcoin-cash
Bitcoin Cash (BCH) $ 340.23 1.98%
polkadot
Polkadot (DOT) $ 4.39 2.83%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.02%
weth
WETH (WETH) $ 1,931.82 1.24%
bitget-token
Bitget Token (BGB) $ 4.46 0.82%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999438 0.44%
hyperliquid
Hyperliquid (HYPE) $ 13.68 2.09%
whitebit
WhiteBIT Coin (WBT) $ 28.47 0.43%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,050.46 1.09%
monero
Monero (XMR) $ 212.35 0.27%
uniswap
Uniswap (UNI) $ 6.30 2.53%
susds
sUSDS (SUSDS) $ 1.04 0.03%
aptos
Aptos (APT) $ 5.41 3.97%
dai
Dai (DAI) $ 1.00 0.01%
near
NEAR Protocol (NEAR) $ 2.62 2.22%
okb
OKB (OKB) $ 51.03 3.53%
pepe
Pepe (PEPE) $ 0.000007 7.16%
internet-computer
Internet Computer (ICP) $ 5.94 5.23%
mantle
Mantle (MNT) $ 0.835985 1.32%
ondo-finance
Ondo (ONDO) $ 0.875979 5.41%
ethereum-classic
Ethereum Classic (ETC) $ 17.96 2.26%
gatechain-token
Gate (GT) $ 21.97 1.76%
tokenize-xchange
Tokenize Xchange (TKX) $ 33.02 10.11%
aave
Aave (AAVE) $ 173.55 3.00%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,243.57 0.45%